Ammar Al-Joundi Sells 20,000 Shares of Agnico Eagle Mines Limited (TSE:AEM) Stock

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM Senior Officer Ammar Al-Joundi sold 20,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$169.00, for a total value of C$3,379,960.00.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down C$2.45 during midday trading on Thursday, hitting C$166.81. 848,376 shares of the company's stock were exchanged, compared to its average volume of 1,078,929. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The stock has a 50-day moving average price of C$158.75 and a two-hundred day moving average price of C$139.82. Agnico Eagle Mines Limited has a 52-week low of C$86.66 and a 52-week high of C$175.33. The company has a market cap of C$58.98 billion, a P/E ratio of 58.61, a PEG ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 76.24%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Tuesday, April 15th. UBS Group cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. National Bankshares boosted their target price on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus boosted their target price on Agnico Eagle Mines from C$185.00 to C$195.00 in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$139.67.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.